The response to the coronavirus (COVID-19) pandemic is evolving quickly and at this time we don’t know how long the crisis will last. In the initial few weeks businesses have concentrated on protecting employees and maintaining their supply chain, and rightly so. But as events continue to unfold the operational, financial and liquidity challenges continue to mount for businesses in many sectors.
There’s no doubt that the weeks and months ahead are going to be challenging and the priority now for business leaders is ensuring their company can ride out the impact. Here are three critical steps that will help businesses stabilise their cash position and shore up their defences:
For more guidance around responding to this rapidly evolving situation please visit our ‘Responding to the UK business impacts of COVID-19’ page. If you have any immediate questions, please get in touch.